New Age Alpha Advisors LLC purchased a new position in shares of Kirby Co. (NYSE:KEX - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 35,402 shares of the shipping company's stock, valued at approximately $3,746,000. New Age Alpha Advisors LLC owned 0.06% of Kirby as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in Kirby during the fourth quarter worth about $25,000. Brooklyn Investment Group bought a new position in Kirby in the 3rd quarter worth approximately $42,000. R Squared Ltd bought a new position in Kirby in the 4th quarter worth approximately $76,000. Virtus Fund Advisers LLC grew its stake in Kirby by 38.8% in the 3rd quarter. Virtus Fund Advisers LLC now owns 833 shares of the shipping company's stock valued at $102,000 after buying an additional 233 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Kirby by 13.1% during the 4th quarter. Signaturefd LLC now owns 1,746 shares of the shipping company's stock valued at $185,000 after purchasing an additional 202 shares during the period. Hedge funds and other institutional investors own 96.15% of the company's stock.
Kirby Price Performance
Shares of KEX traded up $0.69 during midday trading on Tuesday, reaching $101.70. The stock had a trading volume of 272,322 shares, compared to its average volume of 529,853. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18. The company's 50-day moving average is $103.93 and its 200 day moving average is $113.51. Kirby Co. has a 12-month low of $93.63 and a 12-month high of $132.21.
Kirby (NYSE:KEX - Get Free Report) last issued its earnings results on Thursday, January 30th. The shipping company reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.01). Kirby had a return on equity of 9.71% and a net margin of 8.78%. On average, equities analysts predict that Kirby Co. will post 6.57 EPS for the current fiscal year.
Insider Activity at Kirby
In other news, VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $107.61, for a total value of $133,866.84. Following the transaction, the vice president now owns 5,545 shares in the company, valued at approximately $596,697.45. The trade was a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities analysts have weighed in on KEX shares. StockNews.com lowered Kirby from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Stifel Nicolaus lowered their target price on shares of Kirby from $136.00 to $135.00 and set a "buy" rating on the stock in a research note on Friday, January 31st. Finally, Bank of America dropped their target price on shares of Kirby from $133.00 to $123.00 and set a "buy" rating for the company in a research report on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kirby currently has an average rating of "Moderate Buy" and a consensus price target of $124.75.
Check Out Our Latest Research Report on KEX
Kirby Profile
(
Free Report)
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.
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